Typically, stocks (especially when considered on an intra-day basis) will only go so high, or so low, before tending to attract the next group of contrarian thinkers and switch direction. Often times crowds (such as the markets) are wrong in their actions and over react to the up or down side.
when there is a great deal of panic selling in the market, you need to train yourself to think, "Wow, look at all these prices falling - I may find good deals here soon".
It's more difficult than you think to be "happy" when the markets are falling and "cautious" when the markets are rising. However, normally taking this view of things will help improve your trading over the long haul. The old saying, "Buy when there is blood in the streets".
*Cash at the end of the quarter, 30 September 2008: $1,697,000. No debt.
*East Wing gas sales and purchase discussions have commenced with a number of interested gas retailers.
*How much is their 2.1bcf undeveloped 2P reserves at East Wing worth? Around 1 cent or 1.5 cent per share?
I believe that EPR is well positioned, with its new gas discovery and strong portfolio of exploration prospects.
DYOR
Cheers
EPR Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
